Since 2020 members of the Ruedi Wealth team have been writing weekly investing and retirement planning columns for our local newspaper, The News-Gazette.
Today I want to talk about one of the most important questions: how much will I need to spend during retirement?
Most retirees have heard about the monetary benefits of delaying Social Security. But that didn’t stop roughly a quarter of men and women from signing up for Social Security at the earliest possible age (62) in 2024 per Social Security Administration data.
As I was celebrating Independence Day this year, I couldn’t help but think of one of the pieces of financial jargon you may hear in the retirement and financial planning industry: financial independence.
There is no amount of money that can guarantee a person will remain wealthy.
It can take less than a decade for your existing savings to start driving more of your portfolio growth than your annual additions
401(k) hardship withdrawals enable a person to access some of the money in their 401(k) plan in the event of some sort of financial hardship. But this money is not without strings attached.